https://www.taxtmi.com/caselaws?id=120549 Excise valuation under Section 4(1)(b) was sustained on a cost-of-production basis where no comparable Indian goods were produced, and the challenge to that method was not entertained beyond the earlier remand. Interest on advances from the holding company was held not includible in assessable value under the valuation route applied. Interest under Section 11AB was set aside because the show cause notice pre-dated that provision, penalty was reduced in view of the facts, and confiscation of land, building, plant and machinery was vacated as disproportionate. en-us Tue, 12 Dec 2006 00:00:00 +0530 Sat, 21 Jul 2012 11:32:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120549 Excise valuation under Section 4(1)(b) was sustained on a cost-of-production basis where no comparable Indian goods were produced, and the challenge to that method was not entertained beyond the earlier remand. Interest on advances from the holding company was held not includible in assessable value under the valuation route applied. Interest under Section 11AB was set aside because the show cause notice pre-dated that provision, penalty was reduced in view of the facts, and confiscation of land, building, plant and machinery was vacated as disproportionate. Case-Laws Central Excise Tue, 12 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120549